bne IntelliNews – Iran’s mobile revenue drops 21% m/m due to regime blackout | Techy Kings

[ad_1]

Mobile Communications of Iran (MCI), known locally as Hamra-Avaal (First Network), reported a 700 billion Iranian toman (IRT) revenue drop. ($22 million) since the Iranian government began blocking websites and social media apps to combat the unrest that has gripped the country since mid-September.

Authorities have intermittently throttled internet speeds and also completely shut down popular websites and global apps, including WhatsApp and Instagram. They also blocked access to service providers like Gmail, making work and communication increasingly difficult. Internet connectivity remained spotty or worse for extended periods, with both locals and foreigners in Tehran reporting effective disconnections.

MCI said in its monthly newsletter that contract and postpaid revenue reached $2.5 billion in September. ICT, ie less than 3,200 billion ICT in August

In recent years, with the rollout of fourth-generation internet (4G) in Iran, MCI and its main rival MTN-Irancell have increasingly relied on profits from data packages to generate most of their revenue and profits.

Former Minister of Communications Mohammad Javad Azari Jahromi mentioned on his Telegram channel “the forecast that the revenue of operators will decrease by 10 thousand by the end of this year.” billion tomans” and “the value of the company’s shares in the telecommunications sector will drop sharply on the stock market,” Radio Farda reported.

He added that the “severe liquidity problems” experienced by companies could manifest themselves “in the form of non-payment of contractor claims or long delays in the payment of workers’ wages”.

Research shows that 47% of Iran’s online businesses have lost more than 50% of their revenue in recent weeks due to the Iranian regime’s unprecedented restrictions on internet access.

According to a study conducted by the Computer Trade Union Organization in Tehran, if the Internet disruptions continue, 73% of companies with fewer than 50 employees will experience losses of 50 million per day.

About 300,000 e-commerce stores in Iran, which depend on social media for business, have been shut down due to government shutdowns and internet shutdowns amid protests across the country. Shargh reported recently.

According to the newspaper, before the protests began, 85 million populous nation in mid-September, Iran’s online sales were about 750 times higher than brick-and-mortar purchases. Currently, e-commerce is estimated to be a source of income of approximately 9 million people. Iranians.

Elon Musk’s Starlink recently benefited from the lifting of US government restrictions that had previously prevented satellite internet service in Iran, although as things stand now it is highly unlikely that the Iranian regime will give Starlink permission to operate. Any use of his Internet will currently depend on smuggling equipment and reception infrastructure in Iran’s neighboring countries.

[ad_2]

Source link